De Gruyter Handbook of Entrepreneurial Finance (De Gruyter Handbooks in Business, Economics and Finance)

As of early 2022, seven of the ten largest firms in the world by market capitalization had been funded through various types of entrepreneurial finance. This handbook provides an up-to-date survey of what we know about this significant phenomenon in all its forms, and where our knowledge about it needs to head from here. The handbook embraces a wide range of established and emerging academic and practitioner voices across the globe to explore the theoretical and practical flux and tension in the field. Until recently, most studies have taken a supply side perspective, focusing on the perspective of those who provide funding to new ventures. This book takes a different, demand side perspective, beginning with the entrepreneur and gradually broadening our view to include close by and then more distant funding sources. Following this approach, it is organized into four parts detailing the individual level (founders' resources, bricolage and bootstrapping, effectuation and portfolio entrepreneurship); the inner circle (informal financing, business groups, incubators and accelerators); the wider world (formal debt, microfinance, venture capital, corporate venture capital, business angels, government funding and family offices); and emerging perspectives (non-Western perspectives, gender, indigenous perspectives, post-conflict and disaster zones and ethics). The introduction considers the general state of the field, while the conclusion takes on additional topics relevant to entrepreneurial finance, such as decentralized finance, big data, behavioral economics, financial innovation and COVID-19, as well as possible ways in which entrepreneurial finance can have a greater impact on other disciplines. This handbook will be a core reference work for researchers, practitioners, and policy makers seeking an up-to-date academic survey of entrepreneurial finance. It can also be used as a primary text in Ph.D. seminars in entrepreneurship, entrepreneurial finance, and finance. Instructors in Master's level courses in entrepreneurial finance and venture capital will also find the book of benefit. Acknowledgments Contents Editor and contributor biographies Introduction Part I: The individual level Introduction 1 The role of founders’ tangible resources in founding new ventures The bootstrapping-bricolage interface 3 Effectuation and entrepreneurial finance 4 Portfolio entrepreneurs: The role of risk Part II: The inner circle Introduction 5 Informal financing of entrepreneurs 6 Funding entrepreneurs within business groups: An emerging market view 7 How business incubators and accelerators finance startups Part III: The wider world Introduction 8 Formal debt as a source of entrepreneurial finance 9 Microfinance and entrepreneurial finance: A review and future research agenda 10 Venture capital as a source of entrepreneurial finance 11 Corporate venture capital: A literature review and research agenda 12 The role of business angels in the new financial landscape 13 Government financing of startups 14 Family offices as startup investors: A synergetic relationship of the old and new economy? Part IV: Emerging perspectives Introduction 15 A scoping review of most influential entrepreneurial finance studies in developing countries 16 Conceptualizing gender in entrepreneurial finance: Past trends, current developments and future opportunities 17 Indigenous entrepreneurial finance: Mapping the landscape with Canadian evidence 18 Financing entrepreneurs in post-conflict and disaster zones 19 Ethics and entrepreneurial finance Conclusion List of figures List of tables Index De Gruyter Handbooks in Business, Economics and Finance provide a comprehensive, must-have survey of a whole subject area critically discussing the leading views in the field. The main goal of each handbook is to survey a topic, explaining why an issue is important and critically discussing the leading views in the area. Aimed at the international market, these handbooks cover emerging and cutting edge topics in business, economics and finance